CNDD.TO

About CNDD.TO

There appears to be a temporary issue accessing the up‑to‑date market data sources that are normally used, so only a general description can be provided right now. ## Asset overview BetaPro S&P/TSX 60 -2x Daily Bear ETF (symbol: CNDD) is designed to provide *inverse leveraged* exposure to the S&P/TSX 60 Index, targeting approximately -2 times the daily performance of that index before fees and expenses. In practical terms, this type of ETF aims to go up in value when the S&P/TSX 60 goes down on a given day, and to move down roughly twice as much (in percentage terms) as the index on days when the index rises. ## Key characteristics - Structure: Inverse, leveraged ETF targeting about -2x the *daily* return of the S&P/TSX 60, not its long‑term return. - Objective: Short‑term trading or tactical hedging tool for investors who want to profit from, or hedge against, declines in large Canadian stocks represented by the S&P/TSX 60. - Rebalancing: Typically rebalanced daily to maintain the -2x exposure target, which means performance over periods longer than a day can differ significantly from simply “-2x the index” because of compounding effects. ## Risks and considerations - Not intended as a long‑term core holding because daily rebalancing and volatility can cause performance to diverge substantially from -2x the index over time. - Exposes investors to leverage risk (magnified gains and losses), inverse exposure risk, and potential liquidity and tracking risks. - Best understood and used by experienced investors who monitor positions frequently and understand how daily leveraged and inverse products behave. If you share what you are trying to do (hedge an existing Canadian equity portfolio, speculate on a short‑term downturn, etc.), a more tailored explanation of how CNDD might fit—or alternatives to consider—can be provided. Since direct data access is unavailable at the moment, current price, assets under management, distributions, and expense ratio cannot be reliably stated here.